All looks pretty good to me, the company is looking to divest assets Loreto, Paguanta & Burkina Faso. Combined value here has the MC well & truly covered imo, plus funding to grow Kada.
The focus is 100% on Kada & fair enough too, I think they will achieve the DFS in the near future & having a 75% interest in a JV with a global miner like Newmont would mean the expertise would be available when it comes to developing a mine in Kada.
Newmont might put a TO deal on the table down the track if it all looks viable.
Keep upgrading the MRE at Kada for now & see what unfolds.
Ann: Trenching at Massan Returns 128m @ 3.1 g/t Gold, page-17
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